The stream of Chinese companies delisting from the US has accelerated with an $890m deal agreed by AsiaInfo-Linkage for the Nasdaq-listed telecoms billing and software group to be taken private.
Many of the 400-plus Chinese companies that have listed in the US have been eyeing deals to escape those markets since a wave of short-selling attacks and broader concerns about the Chinese economy have hit the value of their shares.
The AsiaInfo deal, agreed by a Citic Capital-led consortium, underlines a trend for US-listed Chinese companies to go private, with more than $8bn such transactions taking place in total, according to Dealogic.
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